Cabo Verde - Merchandise exports to high-income economies (% of total merchandise exports)

Merchandise exports to high-income economies (% of total merchandise exports) in Cabo Verde was 93.46 as of 2020. Its highest value over the past 50 years was 99.82 in 1998, while its lowest value was 26.53 in 1985.

Definition: Merchandise exports to high-income economies are the sum of merchandise exports from the reporting economy to high-income economies according to the World Bank classification of economies. Data are expressed as a percentage of total merchandise exports by the economy. Data are computed only if at least half of the economies in the partner country group had non-missing data.

Source: World Bank staff estimates based data from International Monetary Fund's Direction of Trade database.

See also:

Year Value
1970 81.25
1971 75.00
1972 83.33
1973 89.47
1974 94.74
1975 95.65
1976 73.33
1977 55.56
1978 70.00
1979 62.50
1980 81.58
1981 82.76
1982 75.68
1983 58.06
1984 46.15
1985 26.53
1986 59.71
1987 59.28
1988 48.06
1989 40.68
1990 93.11
1991 82.17
1992 85.28
1993 68.33
1994 76.48
1995 88.13
1996 87.11
1997 99.31
1998 99.82
1999 99.75
2000 76.60
2001 97.51
2002 93.05
2003 98.41
2004 97.65
2005 86.84
2006 80.26
2007 83.96
2008 82.71
2009 97.33
2010 94.88
2011 94.37
2012 72.36
2013 76.49
2014 90.89
2015 98.96
2016 98.45
2017 95.08
2018 95.33
2019 95.74
2020 93.46

Development Relevance: Low- and middle-income economies are an increasingly important part of the global trading system. Trade between high-income economies and low- and middle-income economies has grown faster than trade between high-income economies. This increased trade benefits both producers and consumers in developing and high-income economies. At the regional level most exports from low- and middle-income economies are to high-income economies, but the share of intraregional trade is increasing. Geographic patterns of trade vary widely by country and commodity. Larger shares of exports from oil- and resource-rich economies are to high-income economies.

Limitations and Exceptions: Data on exports and imports are from the International Monetary Fund's (IMF) Direction of Trade database and should be broadly consistent with data from other sources, such as the United Nations Statistics Division's Commodity Trade (Comtrade) database. All high-income economies and major low- and middle-income economies report trade data to the IMF on a timely basis, covering about 85 percent of trade for recent years. Trade data for less timely reporters and for countries that do not report are estimated using reports of trading partner countries. Therefore, data on trade between developing and high-income economies should be generally complete. But trade flows between many low- and middle-income economies - particularly those in Sub-Saharan Africa - are not well recorded, and the value of trade among low- and middle-income economies may be understated.

Aggregation method: Weighted average

Periodicity: Annual

Classification

Topic: Private Sector & Trade Indicators

Sub-Topic: Exports